Older homeowners sell up to start renting - Telegraph

Older homeowners sell up to start renting - Telegraph

The smart money is with the older home owner these days. Generations who have lived through successive housing booms are equity rich and in a position to downsize and help the young by releasing capital. They have more choice than ever before. Older people can join the growing ranks of more involved grandparents, or move to rented accommodation, or spread their wings and travel. Whichever way – the decisions of the old impact on the young.

Liam and Judy Dunne are selling a house they have loved for years near Ware in Hertfordshire. They intend to move to somewhere near Holt in Wiltshire, where the attraction is their 32-year-old daughter Rachel, her husband Ben and, most of all, their eight-month-old grandson, Noah. They hope to look after him while Rachel goes back to work part-time as a special needs teacher. “I grew up in this village and I was looked after by my parents and my grandparents and I know what a .........